Study says next five years will see significant uptake across both continents.
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Apr 29, 2020 • News • Berg Insight • fleet • telematics • Lytx
Study says next five years will see significant uptake across both continents.
A new report is forecasting a substantial growth in the number of active video telematics systems across Europe and North America over the next five years.
The research carried out by M2M/IoT market research firm Berg Insight says the installed-base of systems will exceed four million units by 2024 across the two continents.
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Last year (2019) the number of active systems reached almost 1.6 million units in North America which, the study says, is a Compound Annual Growth Rate (CAGR) of 15.7 per cent, a trend which should see the active installed base reach more than 3.2 million units by 2025.
In Europe, during 2019, figures for telematics solutions at came in under 0.5 million. In line with a CAGR of 16.1 per cent, the study expects this figure to reach close to one million systems by 2024.
The study categorised the large array of companies delivering such solutions which ranged "from specialists focused on video telematics solutions for various commercial vehicles, to general fleet telematics players which have introduced video offerings, and hardware-focused suppliers offering digital video recorders and vehicle cameras".
In the former category, the report cites Lytx as one of the "leading video telematics players in their respective categories", acknowledging the firms high number of subscriptions as the highest in the sector, which in 2019 reached over 600,000 devices and protected 1.3 million drivers.
The report's introduction argued that camera integration is one of the key trends in the fleet telematics sector, justifying its forecast of the combined number of devices across North America and Europe will exceed four billion by 2024.
Feb 11, 2020 • Management • News • health and safety • Lone worker • lone worker protection • Berg Insight
Number of Devices set to reach 2.2 million by 2023.
Number of Devices set to reach 2.2 million by 2023.
According to a new research report from the analyst firm Berg Insight, the market for lone worker protection solutions and services in Europe and North America is forecasted to grow from € 154 million in 2019, to reach € 284 million in 2023.
The number of users of dedicated lone worker safety devices based on GPS and cellular technology on the European market is estimated to grow from 645,000 users in 2019 to reach 1.1 million users at the end of 2023. In North America, the number of such users is estimated to grow from 205,000 in 2019, to reach 380,000 at the end of 2023. In Europe, app-based solutions are estimated to account for around 25 percent of all solutions, while in North America more than 40 percent of the solutions are based on apps for smartphones and tablets. In both regions, app-based solutions are forecasted to account for an increasing share of lone worker safety solutions in the coming years.
The lone worker safety market is led by a handful of specialist companies based in the UK and Canada, where legislation specifically addressing the safety of lone workers has fostered growth. SoloProtect and Send For Help Group have grown to become two of the world’s largest providers of lone worker safety solutions and services. Send For Help Group mainly serves the UK market and operates under the three subsidiaries Peoplesafe, Skyguard and Guardian24. SoloProtect is active in the US, Canada and other parts of Europe in addition to its main UK market. Both SoloProtect and Send For Help Group, also operate their own alarm receiving centre (ARC).
Additional companies with notable market shares in the UK include Lone Worker Solutions, Reliance High-Tech, Orbis Protect and Safe Apps. In Canada, the main providers of safety devices and services for lone workers are Blackline Safety, Tsunami Solutions, Roadpost and Aware360. Blackline Safety is known for developing technologically advanced safety devices for lone workers using both cellular and satellite communications technology.
The market drivers for lone worker safety solutions includes occupational safety regulations, increasing employee insurance costs and higher awareness of risks associated with lone working. The number of individuals working alone is also expected to grow as businesses strive for increased efficiency. A job previously performed by two persons or more is now being done by a single worker. “Traditionally, lone workers exposed to the highest social or environmental risks have been found in industries such as security services, social care, field services and in heavy industries such as oil & gas and construction” says Martin Backman, IoT Analyst at Berg Insight. He adds that companies in other industries are now also starting to see the benefits of these services. “There is now an increasing demand for lone worker safety services from workers in retail, financial services, education and more, which fuels market growth”, concludes Mr. Backman.
Jan 17, 2020 • News • future of field service • Research • Berg Insight • IoT
Research forecasts IoT gateways, routers and modems shipments will hit 8.0 million by 2023.
Research forecasts IoT gateways, routers and modems shipments will hit 8.0 million by 2023.
Berg Insight has released new findings about the market for cellular IoT gateways, routers and modems.
More than 3.4 million cellular IoT gateways were shipped globally during 2018, at a total market value of approximately US$ 921 million. Growing at a compound annual growth rate (CAGR) of 18.5 percent, annual shipments are expected to reach 8.0 million in 2023. Cellular IoT gateways are standalone devices intended for connecting machines to a cellular network.
These include general-purpose cellular gateways, routers and modems that are enclosed in a chassis and have at least one input/output port. Trackers, telematics devices and other specialised devices are excluded from this report.
North American vendors dominate the cellular IoT gateway and router market. Cradlepoint, Cisco, Sierra Wireless, CalAmp and Digi International are the largest vendors worldwide. Combined, these five vendors generated close to US$ 500 million in annual revenues from cellular IoT gateway and router sales during 2018, accounting for a market share of 53.3 percent. Other important vendors include Multitech Systems, Systech and Encore Networks in the US, InHand Networks, Robustel and NetComm in the Asia-Pacific region, and HMS Networks, Advantech B+B SmartWorx, Matrix Electrónica, NetModule, Eurotech, Westermo and Option in Europe. The European and Asia Pacific markets are fragmented with a large number of small and medium sized players that generate annual revenues in the range of US$ 3–10 million. The North American market is dominated by a handful of major vendors, largely due to entry barriers in the form of carrier certifications required for cellular devices in the region.
“North America experienced the fastest growth globally during 2018, driven by deployments in the public safety, transportation and retail sectors”, said Fredrik Stalbrand, Senior Analyst, Berg Insight. The region has also been subject to significant merger and acquisition activity in recent time. “Deal activity has been low over the past decade but has picked up since the beginning of 2018”, continued Mr. Stålbrand. He mentions as examples the recent deals such as Lantronix’ purchase of Maestro Wireless Solutions in July 2019 and most recently Digi International’s announced acquisition of Opengear in November 2019. In Europe, Westermo acquired the remote access specialist Virtual Access in November 2019, expanding the company’s presence in the utilities sector. “Several players continue to have inorganic growth as a strategy and further consolidation can be expected among IoT gateway vendors in 2019–2020”, concluded Mr. Stalbrand.
Jan 16, 2020 • Fleet Technology • News • research • Berg Insight • fleet
Research shows increase in fleet management systems in both countries.
Research shows increase in fleet management systems in both countries.
Jan 09, 2020 • News • future of field service • Berg Insight • smart automation
Berg Insight release new findings about the market for connected public spaces Including smart street lighting, smart parking, smart waste collection and smart city surveillance.
Berg Insight release new findings about the market for connected public spaces Including smart street lighting, smart parking, smart waste collection and smart city surveillance.
Dec 16, 2019 • News • Berg Insight • fleet
Systems set to reach 13.8 million, according to research.
Systems set to reach 13.8 million, according to research.
Nov 28, 2019 • Fleet Technology • News • Berg Insight • fleet
Report from Berg Insights says systems to reach 28 million units.
Report from Berg Insights says systems to reach 28 million units.
Nov 19, 2019 • News • future of field service • Berg Insight • Smart Home
According to a new research report from the IoT analyst firm Berg Insight, the number smart homes in Europe and North America reached 64 million in 2018.
According to a new research report from the IoT analyst firm Berg Insight, the number smart homes in Europe and North America reached 64 million in 2018.
Sep 06, 2019 • future of field service • Berg Insight • fleet • telematics • report
According to a new research report from the IoT analyst firm Berg Insight, the number of active aftermarket car telematics units will grow at a compound annual growth rate (CAGR) of 20.6 percent from 58.7 million at the end of 2018 to 150.0 million at the end of 2023.
Berg Insight’s definition of an aftermarket car telematics solution in this report comprises both cellular/GNSS and RF-based solutions. A growing number of aftermarket telematics services have in the past few years become available for consumers that want to add services and connectivity to cars. Berg Insight forecasts that shipments of aftermarket car telematics devices for consumer applications will grow from 20.3 million units in 2018 to reach 51.0 million in 2023.
”Aftermarket car telematics solutions are useful in a number of application areas including stolen vehicle tracking and recovery (SVT/SVR), vehicle diagnostics, Wi-Fi hotspot, convenience applications and usage-based insurance”, said Martin Svegander, IoT Analyst at Berg Insight. Vehicle diagnostics allows service providers such as dealers and workshops to improve service offerings to car owners. Dealers and finance companies can moreover leverage telematics for internal fleet management and manage the customer lifetime value. Examples of convenience applications enabled by aftermarket telematics devices include remote control of certain vehicle functions such as door lock/unlock and finding the last parking position.
Aftermarket car telematics services are offered by a wide range of players. Examples of leading telematics companies selling services via third parties or directly to consumers include Octo Telematics, Spireon, Ituran, Mojio, Scope Technology, Automatic Labs (SiriusXM), CalAmp (LoJack), Bright Box, Viasat Group and Vodafone Automotive. “Distributing services and products through third parties is the most common way to market for aftermarket car telematics solution vendors”, continued Mr. Svegander. Important sales channels include insurance companies, dealers, mobile network operators and online retailers. Some solution vendors also market their products on their own websites and through telemarketing.
The connected car market is highly important for mobile network operators that bet on the Internet-of-Things market. Many mobile network operators have started to explore the aftermarket car telematics opportunity and they are well-positioned to provide such services. “Mobile network operators can accelerate sales by targeting their existing customer base as well as leverage an ecosystem of partners to pursue data monetization opportunities for their installed base of car telematics solutions”, added Mr. Svegander.
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